EIA recently released the 2016 Annual Energy Outlook. I look at EIA’s past projections and compare with reality. What does this mean for an Energy Investor? Every year EIA releases an Annual Energy Outlook. Here are the projections from the 2016 EIA Annual Energy Outlook expressed as a percent of total power generation. Source for all AEO charts: EIA Data Browser Basically EIA projects that renewable growth will slow down after 2020 and natural gas growth will accelerate. EIA presented several scenarios and the above is their reference case. 2016 is the most radical reference case presented by the EIA ever. Let’s look at what EIA projections have been like in the past. Here are 2010 to 2015 AEO projections: These forecasts show that EIA has been extremely conservative, to put it mildly, in their long term forecasts. In 2016, natural gas has already crossed coal as the top […]